A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs. The VA guarantees part of the loan, which lets Peak offer benefits like no down payment and no private mortgage insurance.

Apply for a VA Home Loan | Peak Credit Union

Q: Who qualifies for a VA loan?

Most active-duty service members, veterans, National Guard and Reserve members, and eligible surviving spouses qualify. You’ll need a Certificate of Eligibility (COE), and a Peak mortgage loan officer can help you request one.

Q: Do I really need $0 down?

VA loans allow up to 100% financing, so a down payment usually isn’t required. You’re always welcome to put money down if you’d like to lower your monthly payment.

Q: Is there a VA funding fee?

Most VA loans include a one-time funding fee, which can be rolled into the loan. Some borrowers – such as those receiving compensation for a service-connected disability – may be exempt.

Q: Can I use my VA loan benefit more than once?

In many cases, yes. The VA loan benefit can often be reused or restored. Talk with a Peak mortgage loan officer about your eligibility.

Built for veterans. Powered by Peak.

If you’re an active-duty service member, veteran, or eligible surviving spouse, a VA loan is one of the most valuable benefits available to you. Backed by the U.S. Department of Veterans Affairs, it clears some of the biggest hurdles to buying a home – and Peak is honored to help.